If the Warsh-led FOMC really does bail on public forward guidance, this sort of thing is completely out of line. You could make a case that closed door speeches from FOMC members *in general* shouldn’t be allowed but with much less public forward guidance it becomes a massive credibility hazard.
George Pearkes
Michelle Bowman, the Federal Reserve’s vice chair of supervision, spoke at an invitation-only, private dinner that Bank of America hosted for clients in New York on Wednesday evening, hours after the central bank announced its latest policy decision www.wsj.com/economy/cent...
www.wsj.com
A closed-door event hosted by Bank of America featured Michelle Bowman, the vice chair for supervision.
